The hardest college to get into in America is the California Institute of Technology. With an acceptance rate of just 8.8% and typical SAT scores between 1500 and 1600, the California Institute of Technology is America's hardest college to get into, according to a list from academic review site Niche.com.
Premium is the amount of money you have to pay for getting a particular insurance. Deductible is the amount you have bear, or which is deducted from your claim amount. Deductible can be applicable pre claim - ie. each time you place a claim or for one event- one sickness.
Jokes aside, an insurance premium is just a fancy industry term to describe the price you pay for insurance coverage for a given period of time, whether itâs one month, six months, or an entire year. Many people will interchangeably use the term âinsurance rate,â as in, âmy insurance rate is way too high!â.